United States Diabetes Care Devices Market Research Report
United States Diabetes Care Devices Market
The GMI Research forecasts that the United States Diabetes Care Devices Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their persistent technological enhancements, high incidences of diabetes, and increasing inclination towards pens over cartridges owing to their economical price.
Introduction of the United States Diabetes Care Devices Market
Diabetes care devices enable diabetic patients to supervise the glucose level of their body. The devices are of two types, which include, blood glucose monitoring devices and insulin delivery devices. The insulin delivery devices allow managing the blood sugar level, whereas the blood glucose monitoring devices help to test the glucose level in the blood.
United States Diabetes Care Devices Market Dynamics
Diabetes care devices are employed to manage glucose levels in the blood. Thus, the rising incidence of diabetes among the population across the country is the major driver supplementing the growth of the United States diabetes care devices market. The research conducted by by U.S. Department of Health and Human Services in 2018 stated that around 34.2 million or 10.5% of the total population suffered from diabetes. Besides this a total of 210,000 children and adolescents younger than 20 years were diagnosed with diabetes, which is nearly 0.25% of the total population. This percentage accounted to be 18,200 for the year 2014-15 including the type 1 diabetes and type 2 diabetes patients. The vigorous demand for insulin pens over cartridges because of their less cost further strengthens the market growth. In addition, the aggravating existence of obesity and hypertension and the ongoing technological advancements, like, the launch of Dexcom G6, to accumulate real-time glucose data for a ten day period with blinded and unblinded mode. The blinded mode helps to gather the information hidden from the patient and review it with healthcare professional at the end of the session. Moreover, in accordance with the Centers for Disease Control and Prevention, the occurrence rate of obesity was 42.4% during 2017-18. Various obesity-related conditions such as heart diseases, type 2 diabetes, stroke, and other types of cancer are some of the causes of preventable and premature death. Furthermore, government has initiated a “National Diabetes Prevention Program,” which is a merger between the public and private organizations to prevent or delay type 2 diabetes. Thus, the augmenting strategies and programs concerned with the suppression of diabetes are strengthening the diabetes care devices market size.
On the other hand, as per the diabetes care devices market research, increasing consciousness about the negative effects of these devices, such as, long-term usage leading to weight gain and daytime sleeping issues will hamper the market share.
United States Diabetes Care Devices Market Segmentation:
Segmentation by Product Type
· Insulin Delivery Device
· Blood Glucose Monitoring Device
Segmentation by End-User
· Homecare Setting
· Hospitals
· Others
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